USDCHF gets the positive momentum – Analysis - 28-12-2016
Economies.com
2016-12-28 04:49AM UTC
The USDCHF pair hovers around the resistance line that appears on chart, noticing that the EMA50 continues to provide the positive support to the price, while stochastic approaches from the oversold areas now, which forms positive motive that we are waiting to push the price to continue the main bullish trend in the upcoming sessions.
Therefore, we are waiting for positive trading on the intraday and short term basis conditioned by the price stability above 1.0220 level, noting that the positive targets begin at 1.0326 and extend to 1.0450.
Expected trading range for today is between 1.0220 support and 1.0350 resistance.
Expected trend for today: Bullish
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